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Syria's central bank denies setting date for new currency launch

Syria's central bank denies setting launch date for new currency, warning public to ignore unofficial sources as it continues technical preparations for monetary reform programme.
Syria's central bank denies setting date for new currency launch
December 2, 2025

Syria's Central Bank has confirmed that no final date has been set for launching the country's new currency, stating that dates circulating on unofficial platforms have no basis in reality, SANA reported on December 2.

The bank said in a statement that it is continuing to implement its planned currency exchange programme in cooperation with all relevant authorities, with work proceeding according to approved technical and administrative stages.

The central bank stressed that it is the only official body authorised to publish any information related to the new currency or the stages of its launch, and that it will announce details of the exchange process transparently on its official page.

The bank called on the public to follow statements issued exclusively by the Central Bank of Syria to ensure access to accurate and reliable information.

Central Bank Governor Abdulqader Al-Hasriya revealed to SANA in August that the bank was in advanced stages of developing a plan to issue new banknotes for Syria, designed according to the highest technical standards adopted by central banks worldwide.

Al-Hasriya said the new currency issuance comes within the framework of developing monetary infrastructure, implementing monetary and financial reform, and facilitating daily transactions for Syrian citizens.

Syria's currency has faced severe depreciation since the country's civil war began in 2011. The Syrian pound traded at approximately 47 to the US dollar before the conflict but has since collapsed in value.

The new government, which came to power following the fall of President Bashar al-Assad last December, has been working to stabilise the economy and restore confidence in the financial system. Currency reform represents a key component of broader efforts to rebuild Syria's monetary infrastructure.

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